Brief: Studentbostader I Norden Acquires Pilot Pier

Studentbostader I Norden AB (publ)

02/11/2021 13:56

Nov 2 (Reuters) - Studentbostader I Norden AB  STUDBO.ST :
    * SAYS ON MONDAY, HAS THROUGH ITS NORWEGIAN SUBSIDIARY
STUSAB
NORGE ENTERED INTO AGREEMENT WITH SELLER SKY PROPERTY TO ACQUIRE
A PROPERTY WITH 48 STUDENT APARTMENTS THROUGH PURCHASE OF ALL
SHARES IN COMPANY PILOT PIER AS
    * PROPERTY HAS A VALUE OF ABOUT NOK 47 MLN AND IS EXPECTED
TO
GENERATE AN OPERATING NET INCOME OF ABOUT NOK 3.3 MLN 
    * PURCHASE PRICE IS ESTIMATED TO BE ABOUT NOK 14 MLN IN CASH
AND
ABOUT NOK 7 MLN IN SHARES IN SBS TO BE ISSUED AT SEK 11.40 PER
SHARE

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN8n1vTL
 Further company coverage:  STUDBO.ST  

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